Versionable content and Transform and copy content

I have a simple rule on a space that converts a file from MSWord to PDF and places the newly created PDF into another space on update, and another identical rule on insert. When I add the content, MSWord document, through the Alfresco UI I am able to save the file, but not the meta-data, the "Modify Content Properties" screen. If I go to thespace that contains the newly created PDF and delete it, then I can modify the meta-data. The same is happening when I check out the MSWord file and try to check it back in. The error message states "org.alfresco.service.cmr.version.VersionServiceException: The current version label of the node does not exist in the version history.".

This is only happening when I have the cm:versionable aspect added to my content model, shown below. If I remove it, or use the default content type, the problem goes away.